It is best for firms to learn through their own experiences the methods and tools that work the best, rather than benchmarking.

Question

Quizplus · Accepted Answer

Benchmarking allows firms to learn from the experiences of others and adopt best practices that have been proven to be effective, rather than simply relying on trial and error. It can help firms save time and resources by avoiding mistakes and implementing successful strategies used by others in their industry.

It Is Best for Firms to Learn Through Their Own